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Where Taxpayers and Advisers Meet

Is CGT payable on money received on account of share buy back by company in uk

mehranmichail
Posts:12
Joined:Sat Oct 22, 2016 2:33 pm
Is CGT payable on money received on account of share buy back by company in uk

Postby mehranmichail » Fri Apr 12, 2024 2:13 am

Scenario. Shares were acquired over the yearss as option was excercised as employee. It was save as you earn scheme and statement shows employeev share ownership plan. Now the company actually issued 1 ordinary share for every 1 share already held. Then after the issue, these new shares were redeemed ie bought by the company leaving shareholders with original ones. Is CGT or income tax payable or is it exempt!?

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